- Authorities in the U.S. and Brazil are reportedly looking into whether Embraer (ERJ) bribed officials in Argentina and the Dominican Republic in order to win deals worth up to a total of $292M.
- The investigation is among Brazil's first into alleged corruption by a domestic company overseas. Embraer disclosed in 2011 that it was under investigation by the U.S. for its practices when trying to secure orders for aircraft.
U.S., Brazil investigating Embraer for possible bribery
Nov 3 2013, 02:06 ET